Frankfort Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Frankfort averaged 7.01% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

The average rate for the prior week (2024-04-04) was 7.05% and one month ago for the week of 2024-03-07, the average rate was 7.21%.

Frankfort's average rate one year ago was 6.71%.

For refis of the same type during the week of 2024-04-11, the average rate was 7.48%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Frankfort 30 Year Fixed Rate 2024-04-11 7.01%
Frankfort 30 Year Fixed Rate Refi 2024-04-11 7.48%
Frankfort 15 Year Fixed Rate 2024-04-11 6.06%
Frankfort 15 Year Fixed Rate Refi 2024-04-11 6.46%
Frankfort 30 Year FHA 2024-04-11 7.14%
Frankfort 30 Year FHA Refi 2024-04-11 6.84%
Frankfort 30 Year USDA 2024-04-11 6.91%
Frankfort 30 Year USDA Refi 2024-04-11 6.51%
Frankfort 30 Year VA 2024-04-11 6.47%
Frankfort 30 Year VA Refi 2024-04-11 6.57%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Frankfort, IN.

Frankfort Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Frankfort, IN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
RUOFF MORTGAGE COMPANY, INC. 52 6.98% $2,990
Regions Bank 20 7.04% $3,810
First Merchants Bank 14 6.63% $2,739
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 7.36% $3,604
UNITED WHOLESALE MORTGAGE, LLC 10 7.49% $3,064
PURDUE FEDERAL CREDIT UNION 10 6.79% $1,980
QUICKEN LOANS, LLC 7 7.07% $4,923
Centier Bank 6 7.19% $1,418
GVC MORTGAGE, INC. 4 6.90% $4,135
First Farmers Bank and Trust Company 3 7.29% $1,863
Security Federal Savings Bank 3 7.42% $2,221
THRIVE MORTGAGE, LLC 3 6.75% $2,816
Bank of England 2 7.13% $6,083
CALIBER HOME LOANS, INC. 2 7.06% $4,877
Prosperity Home Mortgage, LLC 2 7.06% $2,831
CMG MORTGAGE, INC. 2 7.87% $3,684
The Huntington National Bank 2 6.69% $2,993
Farm Credit Mid-America, ACA 2 7.19% $5,050
NEWREZ LLC 2 7.75% $4,552
Fifth Third Bank 2 6.50% $4,299
First Option Mortgage, LLC 2 7.81% $4,943
Horizon Bank 2 6.94% $3,079
INDIANA MEMBERS CREDIT UNION 2 6.31% $2,795
1st Source Bank 2 7.06% $3,553
Industrial Federal Credit Union 2 6.69% $1,999
LOANDEPOT.COM, LLC 2 6.31% $5,241
MILESTONE HOME LENDING, LLC 2 7.50% $4,021
ROYAL UNITED MORTGAGE LLC 2 7.50% $4,061
MOVEMENT MORTGAGE, LLC 2 6.44% $5,001
Wolfe Financial, Inc 1 6.88% $2,708
AMERISAVE MORTGAGE CORPORATION 1 6.25% $5,304
CROSSCOUNTRY MORTGAGE, LLC 1 7.45% $6,048
Discover Bank 1 7.09% $0
First Financial Bank 1 6.38% $3,097
Flagstar Bank, FSB 1 6.99% $4,535
Flanagan State Bank 1 7.88% $2,938
FREEDOM MORTGAGE CORPORATION 1 6.75% $3,470
HALLMARK HOME MORTGAGE, LLC 1 6.50% $6,114
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.13% $2,938
HOMESIDE FINANCIAL, LLC 1 6.50% $2,589
Old National Bank 1 7.13% $2,377
PANORAMA MORTGAGE GROUP, LLC 1 7.13% $4,085
Paramount Residential Mortgage Group, Inc. 1 7.99% $17,311
PENNYMAC LOAN SERVICES, LLC 1 6.88% $2,880
PNC Bank 1 6.25% $2,811
Servion, Inc. 1 6.38% $1,995
SUCCESS MORTGAGE PARTNERS, INC. 1 7.38% $15,479
TEACHERS CREDIT UNION 1 7.50% $2,582
The Fountain Trust Company 1 6.88% $2,665
The State Bank and Trust Company 1 8.00% $2,646
Union Savings Bank 1 6.88% $3,232
Wells Fargo Bank 1 6.75% $2,940
WINTERWOOD MORTGAGE GROUP, LLC 1 6.50% $3,200

Frankfort Average Closing Costs & Other Stats

Frankfort, IN's 53 lenders originated 754 loans during 2023. The total origination value was $102,150,000, with an average loan value of $135,477.

Frankfort's average closing costs are $3,670.

The top Frankfort lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 52 loans originated. Their average total fees are $2,990, which is $820 lower than the next largest lender, Regions Bank.

The lowest fee Frankfort lenders (with over 10 loans originated) are PURDUE FEDERAL CREDIT UNION ($1,980), First Merchants Bank ($2,739), RUOFF MORTGAGE COMPANY, INC. ($2,990), UNITED WHOLESALE MORTGAGE, LLC ($3,064) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,604).

The lowest rate Frankfort lenders (with over 10 loans originated) are First Merchants Bank (6.63%), PURDUE FEDERAL CREDIT UNION (6.79%), RUOFF MORTGAGE COMPANY, INC. (6.98%), Regions Bank (7.04%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (7.36%).

Frankfort, IN Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
The Farmers Bank, Frankfort, Indiana $20,970,000 $15,905,000 -24.2% 15.6%
RUOFF MORTGAGE COMPANY, INC. $21,735,000 $14,130,000 -35.0% 13.8%
Regions Bank $12,085,000 $6,180,000 -48.9% 6.0%
First Merchants Bank $5,765,000 $4,950,000 -14.1% 4.8%
QUICKEN LOANS, LLC $3,985,000 $4,120,000 3.4% 4.0%
UNITED WHOLESALE MORTGAGE, LLC $4,070,000 $3,265,000 -19.8% 3.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,630,000 $2,850,000 8.4% 2.8%
PURDUE FEDERAL CREDIT UNION $9,130,000 $2,805,000 -69.3% 2.7%
Centier Bank $3,015,000 $2,530,000 -16.1% 2.5%
Merchants Bank of Indiana $1,990,000 n/a 1.9%
THRIVE MORTGAGE, LLC $1,435,000 n/a 1.4%
NEWREZ LLC $260,000 $1,345,000 417.3% 1.3%
CALIBER HOME LOANS, INC. $3,555,000 $1,325,000 -62.7% 1.3%
GVC MORTGAGE, INC. $1,395,000 $1,175,000 -15.8% 1.2%
MOVEMENT MORTGAGE, LLC $280,000 $1,165,000 316.1% 1.1%
NAVY FEDERAL CREDIT UNION $1,100,000 n/a 1.1%
PNC Bank $520,000 $1,090,000 109.6% 1.1%
HALLMARK HOME MORTGAGE, LLC $3,220,000 $1,020,000 -68.3% 1.0%
Farm Credit Mid-America, ACA $1,255,000 $1,015,000 -19.1% 1.0%
Industrial Federal Credit Union $800,000 $1,005,000 25.6% 1.0%
The Fountain Trust Company $1,175,000 $1,000,000 -14.9% 1.0%
PENNYMAC LOAN SERVICES, LLC $420,000 $990,000 135.7% 1.0%
Security Federal Savings Bank $175,000 $975,000 457.1% 1.0%
FREEDOM MORTGAGE CORPORATION $725,000 $845,000 16.6% 0.8%
Horizon Bank $755,000 $790,000 4.6% 0.8%
Prosperity Home Mortgage, LLC $765,000 n/a 0.7%
The Home National Bank of Thorntown $575,000 $765,000 33.0% 0.7%
State Bank of Lizton $185,000 $745,000 302.7% 0.7%
Wolfe Financial, Inc $1,045,000 $740,000 -29.2% 0.7%
Union Savings Bank $285,000 $655,000 129.8% 0.6%
Terre Haute Savings Bank $645,000 n/a 0.6%
Fifth Third Bank $300,000 $590,000 96.7% 0.6%
1st Source Bank $55,000 $555,000 909.1% 0.5%
RF Renovo Management Company, LLC $605,000 $545,000 -9.9% 0.5%
CROSSCOUNTRY MORTGAGE, LLC $1,085,000 $540,000 -50.2% 0.5%
First Farmers Bank and Trust Company $755,000 $535,000 -29.1% 0.5%
Old National Bank $820,000 $535,000 -34.8% 0.5%
First Financial Bank $140,000 $530,000 278.6% 0.5%
INDIANA MEMBERS CREDIT UNION $510,000 n/a 0.5%
Flanagan State Bank $505,000 n/a 0.5%
The Huntington National Bank $1,040,000 $495,000 -52.4% 0.5%
Bank of England $105,000 $480,000 357.1% 0.5%
SUCCESS MORTGAGE PARTNERS, INC. $465,000 n/a 0.5%
Paramount Residential Mortgage Group, Inc. $205,000 $455,000 122.0% 0.4%
Carrington Mortgage Services, LLC $385,000 $450,000 16.9% 0.4%
JPMorgan Chase Bank $1,125,000 $450,000 -60.0% 0.4%
1ST SIGNATURE LENDING, LLC $445,000 n/a 0.4%
TOP FLITE FINANCIAL, INC. $410,000 n/a 0.4%
LOANDEPOT.COM, LLC $610,000 $405,000 -33.6% 0.4%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $580,000 $400,000 -31.0% 0.4%
Mortgage Research Center, LLC $1,940,000 $370,000 -80.9% 0.4%
MICHIGAN MUTUAL, INC. $355,000 n/a 0.3%
ZILLOW HOME LOANS, LLC $135,000 $355,000 163.0% 0.3%
BROKER SOLUTIONS, INC. $555,000 $340,000 -38.7% 0.3%
First Option Mortgage, LLC $135,000 $330,000 144.4% 0.3%
21ST MORTGAGE CORPORATION $80,000 $325,000 306.3% 0.3%
CMG MORTGAGE, INC. $515,000 $280,000 -45.6% 0.3%
MJW Financial LLC $165,000 $280,000 69.7% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $445,000 $280,000 -37.1% 0.3%
SPRING EQ, LLC $35,000 $280,000 700.0% 0.3%
Discover Bank $270,000 n/a 0.3%
PANORAMA MORTGAGE GROUP, LLC $1,325,000 $270,000 -79.6% 0.3%
NEW DAY FINANCIAL, LLC $175,000 $265,000 51.4% 0.3%
TIB The Independent Bankersbank $260,000 n/a 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $75,000 $255,000 240.0% 0.2%
The State Bank and Trust Company $255,000 n/a 0.2%
MILESTONE HOME LENDING, LLC $435,000 $250,000 -42.5% 0.2%
Figure Lending LLC $80,000 $240,000 200.0% 0.2%
LAKEVIEW LOAN SERVICING, LLC $715,000 $240,000 -66.4% 0.2%
FAIR WAY LENDING LLC $460,000 $235,000 -48.9% 0.2%
Blue Ridge Bank $225,000 n/a 0.2%
ROYAL UNITED MORTGAGE LLC $225,000 n/a 0.2%
TEACHERS CREDIT UNION $145,000 $220,000 51.7% 0.2%
Barrington Bank & Trust Company, N.A. $215,000 n/a 0.2%
Plains Commerce Bank $215,000 n/a 0.2%
RELIANCE FIRST CAPITAL, LLC $145,000 $215,000 48.3% 0.2%
Elements Financial Federal Credit Union $290,000 $210,000 -27.6% 0.2%
PLAZA HOME MORTGAGE, INC. $250,000 $205,000 -18.0% 0.2%
Truist $205,000 n/a 0.2%
TUCKER MORTGAGE, LLC $205,000 n/a 0.2%
AMERISAVE MORTGAGE CORPORATION $525,000 $200,000 -61.9% 0.2%
GUILD MORTGAGE COMPANY $200,000 n/a 0.2%
FIRST COMMUNITY MORTGAGE, INC. $185,000 n/a 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $280,000 $185,000 -33.9% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $300,000 $170,000 -43.3% 0.2%
AMERICAN FINANCIAL NETWORK, INC. $165,000 n/a 0.2%
CLEARPATH LENDING $205,000 $165,000 -19.5% 0.2%
HOMESIDE FINANCIAL, LLC $125,000 $165,000 32.0% 0.2%
Servion, Inc. $340,000 $165,000 -51.5% 0.2%
OPEN MORTGAGE, LLC $145,000 n/a 0.1%
Wells Fargo Bank $975,000 $145,000 -85.1% 0.1%
WINTERWOOD MORTGAGE GROUP, LLC $145,000 n/a 0.1%
Hoosier Heartland State Bank $310,000 $135,000 -56.5% 0.1%
MID AMERICA MORTGAGE, INC. $165,000 $135,000 -18.2% 0.1%
PLANET HOME LENDING, LLC $290,000 $135,000 -53.4% 0.1%
USAA Federal Savings Bank $135,000 n/a 0.1%
Bank of America $130,000 n/a 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $125,000 n/a 0.1%
The Federal Savings Bank $450,000 $115,000 -74.4% 0.1%
American Mortgage & Equity Consultants, Inc. $95,000 n/a 0.1%
FINANCIAL BUILDERS Federal Credit Union $110,000 $90,000 -18.2% 0.1%
Third Federal Savings and Loan Association of Cleveland $85,000 n/a 0.1%
Citizens Bank $35,000 $75,000 114.3% 0.1%
Flagstar Bank, FSB $285,000 $75,000 -73.7% 0.1%
The Farmers and Merchants Bank $135,000 $55,000 -59.3% 0.1%
FORUM Credit Union $180,000 $35,000 -80.6% 0.0%
Solidarity Community Federal Credit Union $430,000 $35,000 -91.9% 0.0%
Community First Bank of Indiana $4,205,000 $25,000 -99.4% 0.0%

Frankfort's top lender by overall market share is The Farmers Bank, Frankfort, Indiana, with 15.6% market share. In second place, with 13.8%, is RUOFF MORTGAGE COMPANY, INC., having originated $14,130,000 in loans. In third place, with 6.0%, is Regions Bank, having originated $6,180,000 in loans. In fourth place, with 4.8%, is First Merchants Bank, having originated $4,950,000 in loans. In fifth place, with 4.0%, is QUICKEN LOANS, LLC, having originated $4,120,000 in loans.


Frankfort Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Frankfort (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $75,725 (13.2%) $108,400 (13.7%) 0.00 66
2018-02-01 $75,725 (8.3%) $107,483 (12.7%) 0.00 58
2018-03-01 $76,000 (1.2%) $114,098 (14.7%) 0.00 53
2018-04-01 $100,500 (27.2%) $145,837 (32.5%) 0.00 59
2018-05-01 $97,475 (20.8%) $143,756 (31.0%) 0.00 56
2018-06-01 $109,900 (27.6%) $145,107 (34.3%) 0.00 59
2018-07-01 $111,225 (34.2%) $140,821 (22.2%) 0.00 77
2018-08-01 $121,150 (39.9%) $145,430 (21.5%) 0.00 84
2018-09-01 $117,450 (38.2%) $146,619 (18.1%) 0.00 68
2018-10-01 $106,975 (33.8%) $146,521 (25.1%) 0.00 73
2018-11-01 $132,450 (67.5%) $157,641 (34.9%) 0.00 72
2018-12-01 $134,950 (71.9%) $152,286 (33.2%) 0.00 70
2019-01-01 $138,500 (82.9%) $150,714 (39.0%) 0.00 69
2019-02-01 $134,900 (78.1%) $153,561 (42.9%) 0.00 63
2019-03-01 $138,043 (81.6%) $158,108 (38.6%) 0.00 53
2019-04-01 $139,018 (38.3%) $156,875 (7.6%) 0.00 47
2019-05-01 $138,800 (42.4%) $160,629 (11.7%) 0.00 51
2019-06-01 $138,772 (26.3%) $150,715 (3.9%) 0.00 52
2019-07-01 $140,361 (26.2%) $157,178 (11.6%) 0.00 52
2019-08-01 $135,988 (12.3%) $165,468 (13.8%) 0.00 54
2019-09-01 $135,714 (15.6%) $174,450 (19.0%) 0.00 58
2019-10-01 $134,650 (25.9%) $176,521 (20.5%) 0.00 63
2019-11-01 $129,450 (-2.3%) $165,471 (5.0%) 0.00 54
2019-12-01 $107,975 (-20.0%) $162,319 (6.6%) 0.00 51
2020-01-01 $104,850 (-24.3%) $155,750 (3.3%) 0.00 51
2020-02-01 $94,500 (-30.0%) $150,596 (-1.9%) 0.00 44
2020-03-01 $82,575 (-40.2%) $141,127 (-10.7%) 0.00 36
2020-04-01 $90,750 (-34.7%) $146,484 (-6.6%) 0.00 36
2020-05-01 $115,000 (-17.2%) $151,290 (-5.8%) 0.00 36
2020-06-01 $119,950 (-13.6%) $163,642 (8.6%) 0.00 38
2020-07-01 $119,900 (-14.6%) $141,338 (-10.1%) 0.00 29
2020-08-01 $137,000 (0.7%) $137,629 (-16.8%) 0.00 23
2020-09-01 $119,900 (-11.7%) $135,613 (-22.3%) 0.00 28
2020-10-01 $110,450 (-18.0%) $124,323 (-29.6%) 0.00 33
2020-11-01 $118,900 (-8.2%) $130,819 (-20.9%) 0.00 29
2020-12-01 $117,450 (8.8%) $125,242 (-22.8%) 0.00 30
2021-01-01 $129,950 (23.9%) $128,971 (-17.2%) 0.00 27
2021-02-01 $137,500 (45.5%) $145,584 (-3.3%) 0.00 21
2021-03-01 $141,200 (71.0%) $154,716 (9.6%) 0.00 14
2021-04-01 $134,500 (48.2%) $159,747 (9.1%) 0.00 24
2021-05-01 $136,950 (19.1%) $184,765 (22.1%) 0.00 15
2021-06-01 $136,950 (14.2%) $198,667 (21.4%) 0.00 17
2021-07-01 $129,900 (8.3%) $211,881 (49.9%) 0.00 21
2021-08-01 $171,225 (25.0%) $213,718 (55.3%) 0.00 27
2021-09-01 $172,450 (43.8%) $201,717 (48.8%) 0.00 35
2021-10-01 $165,000 (49.4%) $184,151 (48.1%) 0.00 38
2021-11-01 $170,925 (43.8%) $216,908 (65.8%) 0.00 34
2021-12-01 $148,925 (26.8%) $203,365 (62.4%) 0.00 36
2022-01-01 $141,000 (8.5%) $217,751 (68.8%) 0.00 24
2022-02-01 $141,875 (3.2%) $210,247 (44.4%) 0.00 23
2022-03-01 $143,125 (1.4%) $197,843 (27.9%) 0.00 24
2022-04-01 $159,900 (18.9%) $209,917 (31.4%) 0.00 25
2022-05-01 $158,675 (15.9%) $225,672 (22.1%) 0.00 31
2022-06-01 $161,225 (17.7%) $225,680 (13.6%) 0.00 37
2022-07-01 $169,900 (30.8%) $230,602 (8.8%) 0.00 40
2022-08-01 $175,725 (2.6%) $219,785 (2.8%) 0.00 41
2022-09-01 $179,075 (3.8%) $218,968 (8.6%) 0.00 33
2022-10-01 $165,000 (0.0%) $192,812 (4.7%) 0.00 35
2022-11-01 $177,475 (3.8%) $200,666 (-7.5%) 0.00 34
2022-12-01 $184,900 (24.2%) $204,916 (0.8%) 0.00 33
2023-01-01 $174,450 (23.7%) $195,825 (-10.1%) 0.00 29
2023-02-01 $167,000 (17.7%) $195,767 (-6.9%) 0.00 28
2023-03-01 $204,500 (42.9%) $224,538 (13.5%) 0.00 24
2023-04-01 $229,500 (43.5%) $225,167 (7.3%) 0.00 24
2023-05-01 $234,975 (48.1%) $262,508 (16.3%) 0.00 24
2023-06-01 $265,500 (64.7%) $277,025 (22.8%) 0.00 25
2023-07-01 $259,000 (52.4%) $287,096 (24.5%) 0.00 27
2023-08-01 $219,325 (24.8%) $271,360 (23.5%) 0.00 31
2023-09-01 $239,700 (33.9%) $267,793 (22.3%) 0.00 31
2023-10-01 $244,450 (48.2%) $265,830 (37.9%) 0.00 38
2023-11-01 $230,392 (29.8%) $253,812 (26.5%) 0.00 39
2023-12-01 $228,233 (23.4%) $252,687 (23.3%) 0.00 31
2024-01-01 $222,500 (27.5%) $257,857 (31.7%) 0.00 26
2024-02-01 $248,750 (49.0%) $257,963 (31.8%) 0.00 23
2024-03-01 $265,000 (29.6%) $275,840 (22.9%) 0.00 26
Frankfort's median listing price for 2024-03-01 was $265,000, a difference of $60,500 (29.6%) versus the prior year and $16,250 versus the prior month.

Frankfort's median listing price comes in at 0% of the national average.

Frankfort's average listing price for 2024-03-01 was $275,840, a difference of $51,302 (22.9%) versus the prior year and $17,877 versus the prior month.

For the 2024-03-01 period, Frankfort had 26 MLS listings, a difference of 3 listings (13%) versus the prior month and 2 listings (8%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Frankfort (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,526 sqft
2018-02-01 0 days 1,533 sqft
2018-03-01 0 days 1,543 sqft
2018-04-01 0 days 1,829 sqft
2018-05-01 0 days 1,823 sqft
2018-06-01 0 days 1,693 sqft
2018-07-01 0 days 1,530 sqft
2018-08-01 0 days 1,777 sqft
2018-09-01 0 days 1,824 sqft
2018-10-01 0 days 1,816 sqft
2018-11-01 0 days 1,908 sqft
2018-12-01 0 days 1,954 sqft
2019-01-01 0 days 1,968 sqft
2019-02-01 0 days 1,935 sqft
2019-03-01 0 days 1,912 sqft
2019-04-01 0 days 1,850 sqft
2019-05-01 0 days 2,010 sqft
2019-06-01 0 days 1,792 sqft
2019-07-01 0 days 1,736 sqft
2019-08-01 0 days 1,714 sqft
2019-09-01 0 days 1,733 sqft
2019-10-01 0 days 1,748 sqft
2019-11-01 0 days 1,729 sqft
2019-12-01 0 days 1,699 sqft
2020-01-01 0 days 1,648 sqft
2020-02-01 0 days 1,722 sqft
2020-03-01 0 days 1,736 sqft
2020-04-01 0 days 1,770 sqft
2020-05-01 0 days 1,807 sqft
2020-06-01 0 days 2,064 sqft
2020-07-01 0 days 1,978 sqft
2020-08-01 0 days 1,904 sqft
2020-09-01 0 days 1,584 sqft
2020-10-01 0 days 1,581 sqft
2020-11-01 0 days 1,657 sqft
2020-12-01 0 days 1,668 sqft
2021-01-01 0 days 1,656 sqft
2021-02-01 0 days 1,969 sqft
2021-03-01 0 days 1,820 sqft
2021-04-01 0 days 1,798 sqft
2021-05-01 0 days 1,750 sqft
2021-06-01 0 days 1,590 sqft
2021-07-01 0 days 1,640 sqft
2021-08-01 0 days 1,748 sqft
2021-09-01 0 days 1,826 sqft
2021-10-01 0 days 1,622 sqft
2021-11-01 0 days 1,656 sqft
2021-12-01 0 days 1,622 sqft
2022-01-01 0 days 1,715 sqft
2022-02-01 0 days 1,499 sqft
2022-03-01 0 days 1,446 sqft
2022-04-01 0 days 1,574 sqft
2022-05-01 0 days 1,607 sqft
2022-06-01 0 days 1,625 sqft
2022-07-01 0 days 1,820 sqft
2022-08-01 0 days 1,696 sqft
2022-09-01 0 days 1,652 sqft
2022-10-01 0 days 1,646 sqft
2022-11-01 0 days 1,726 sqft
2022-12-01 0 days 1,714 sqft
2023-01-01 0 days 1,691 sqft
2023-02-01 0 days 1,598 sqft
2023-03-01 0 days 1,712 sqft
2023-04-01 0 days 1,691 sqft
2023-05-01 0 days 1,796 sqft
2023-06-01 0 days 1,806 sqft
2023-07-01 0 days 1,824 sqft
2023-08-01 0 days 1,829 sqft
2023-09-01 0 days 1,795 sqft
2023-10-01 0 days 1,804 sqft
2023-11-01 0 days 1,783 sqft
2023-12-01 0 days 1,749 sqft
2024-01-01 0 days 1,751 sqft
2024-02-01 0 days 1,771 sqft
2024-03-01 0 days 1,772 sqft
Frankfort's median listing age (time on market) for 2024-03-01 was 0 days.

Frankfort's median square footage for active listings during the 2024-03-01 period was 1,772 sqft. One year prior, the average listing was 1,712 sqft.

Frankfort, IN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 383 $70,385,000 $183,773
Cash Out Refi 116 $13,400,000 $115,517
Home Improvement 104 $6,570,000 $63,173
Refi 77 $6,815,000 $88,506
Other 74 $4,980,000 $67,297

Frankfort's most frequently cited loan purpose was Home Purchase, with 383 originations. The 2nd most popular reason was Cash Out Refi, with 116 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 205 $33,755,000 $164,659
7-8% 173 $29,135,000 $168,410
Over 8% 117 $11,555,000 $98,761
5-6% 45 $6,855,000 $152,333
<2.5% 10 $80,000 $8,000
3-4% 5 $605,000 $121,000
4-5% 2 $470,000 $235,000

During 2023, Frankfort's most frequently originated rate bucket was 6-7%, with 205 originations.

Loan Sizing (Frankfort, IN MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 312 $16,050,000 $51,442
$100k-200k 291 $42,135,000 $144,794
$200k-400k 137 $34,895,000 $254,708
$400k-600k 8 $3,750,000 $468,750
$600k-1000k 4 $2,710,000 $677,500
$Over $1MM 2 $2,610,000 $1,305,000

Frankfort's loan sizing saw the bucket of loans from $100,000 or less with 312 originations, totaling $16,050,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 267 $51,455,000 $192,715
60-80% 89 $15,935,000 $179,045
20-40% 75 $5,325,000 $71,000
Under 20% 74 $3,620,000 $48,919
40-60% 53 $5,845,000 $110,283
Over 100% 2 $300,000 $150,000

Frankfort's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 267 originations, totaling $51,455,000 in origination value.